10/01/2023
3 STEPS FORWARD FOR MY EMPLOYED FRIENDS
Are you tired of being stuck fortnight to fortnight? I know. I was once there. Tired of being stuck in the Rat Race and always wanting a way forward. Well here are 3 Steps Forward that you can try...
1. Register your Consultancy & Open a Smart Business Account with BSP.
2. Transfer 10% every fortnight to your Smart Business Account for 12 month to Qualify for an SME Loan.
3. After 12 Months, use that Startup Capital plus that SME Loan and Build your Company or a Trade Store, PMV, Boat, Chicken Project, or whatever.
Here's a Truth I want all SMEs to know...
NO ONE WILL GIVE YOU STARTUP CAPITAL
So pay yourself first every fortnight. That 10% you save every fortnight is your Startup Capital. Because you can use it after 12 months with no struggle. And now that we've solved the Problem of Startup Capital, let's focus on our next hurdle... Building your Consultancy Business.
The Main Reason why I advise people to start with Consultancy Services is based on experience in our family. You can start from Zero. No Taxi, No Store Goods, No Boat, No PMV, No Chickens, No machinery needed to start.
You can send out a hundred Proforma Invoices today with an Expression of Interest with your Profile Attached and do Business Development today and this month with zero money in your Bank Account to OFFER the following services.
1. Induction Programs
2. Auditing Services/ Document Review
3. SOP Drafting/Editing Services
4. Workshop Services
5. Service Contracts
It doesn't matter if you have or don't have money in your Bank Account. What matters is you sending out 100 Proforma Invoices today after doing your Business Development. And then you follow up with a call and wait until a deposit hits your Bank Account and then you can move. Don't deal with a Purchase Order unless you can survive without pay for 30, 60 or 90 days or you have other streams of income.
In Step 1, here's what you need
BUSINESS ESTABLISHMENT
1. IPA
2. IRC
3. Business Profile
4. Smart Business Account
Then you can start saving your Startup Capital for 12 months.
In Step 2, while you are on your 12 month Journey, invest in Personal Branding, Business Development & Customer Relationship Management. You can invest your Time in the following:
BUSINESS DEVELOPMENT
5. Website
6. page
7. Facebook Advertising
8. Virtual Assistants
9. Strategic Partnerships
10. Community Obligations
Establishing yourself as a Subject Matter Expert in your field of expertise is a way of making effective use of the Years of Skills, Knowledge and Experience you've gained. There's a Goldmine of Knowledge in your head right now but you can let it go to waste if you don't do steps 5 to 10.
Step 3 is what most people are familiar with, finish from Employment & Invest in a Trade Store, Table Market, PMV, Boat or Pyramid Schemes & Scams. All the best to that.
Anyways, these are your 3 Steps forward if you are currently employed & stuck every fortnight.
Hope this helps.
Kind regards
Your friend
Peter Jnr Babul
Social Entrepreneur
SME Resource Center